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Jul 8, 2011
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 26, 2011
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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Jul 4, 2011
07/11
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that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds of exceptions that allow teams to go past the cap limit on payrolls and a hard cap which would be an all-time first for the nba, something that players have been fighting against for decades really, ever since the sort cap system went into place. there's the structural. the other side is just the straight financial division of the revenues which are near $4 billion. currently the players make about 57%. the owners are saying they want to ratchet it down to more of a 50-50 split. even within that it's a redefined revenueç kol that they want to split 50-50. wha
that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds...
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Jul 13, 2011
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is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calmed really jittery m
is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte....
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Jul 6, 2011
07/11
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that's been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. the
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...
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Jul 22, 2011
07/11
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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Jul 5, 2011
07/11
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he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read president clinton reiterated today just makes sense if it's cheaper to do business here in the united states, then jobs will be created here. if it's cheaper to keep that cash and to create jobs abroad, that's what businesses will do because it makes economic sense. but again i think the last thing i would think you would want to do when the recovery is is so anemic and when the private sector is sort of sitting on the side lines because they don't know what the costs of doing business are going to be, tax rates, regulatory policy, that i think we need
he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read...
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Jul 27, 2011
07/11
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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Jul 9, 2011
07/11
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and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that s
and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional...
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Jul 16, 2011
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. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars
. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm...
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Jul 27, 2011
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors....
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Jul 30, 2011
07/11
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there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that the elements of a beale are here. you know, the problem from my perspective is, this is the easy stuff because it doesn't deal with tax,because it doesn't deal with entitlement. the question is, it doesn't even solve the deficit problem but it's been such a problem just to get the easy-- the question is that the rating agencies, the credit rating agencies and others, can can can they do the harder stuff right down the road? that, i think, is the real difficulty. >> one thing that hasn't been addressed, jim, and republica
there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that...
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Jul 11, 2011
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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Jul 25, 2011
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that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going to be a big effect because of the deal that fell apart on friday night. yet we didn't see that much of an effect, why is that? >> well, i think there, a lot of people are second-guessing how financial investors and financial markets are going to react. and they've been wrong and wrong again. most of the markets are a little jittery, a little nervous but they're not panicked yet. i think the heat will get turned up as it were, as we head closer to august 2nd. but right now i would say markets are nervous but not panicked. >> ifill: nervous but not panicked. let's talk about the state because a lot of
that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going...
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Jul 1, 2011
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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Jul 14, 2011
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i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people, is dealing with the governments, dealing with the communities, dealing with the all the institutions, all the interests. so it's dealing with people is, like, the hard work. >> ( translated ): can't you see the government is lying to us? we'll be evicted like dogs one day. >> ( translated ): if you're wise, you should find somewhere to move to now. don't count on being given a house and don't think you'll come back here. when you leave, you are gone for good. >> ( translated ): how much did you say it was? >> ( translated ): that is 5,500. >> ( translated ): and electricity? >> ( translated ): 1,000
i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people,...